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Gifts of Cash

A gift of cash (most often made by check) is the most popular type of charitable gift. The gift is considered made on the date it is hand-delivered or a check is mailed (postmark on envelope). A contribution on a credit card can be deducted when the charge is made even though the bill is not paid until a later time. You can also make a gift through an automatic bank draft.

Because of the availability of the income tax charitable contribution deduction, the net cost to you of a cash gift is lower than the face value of the gift.

Gifts of cash are fully deductible up to 50 percent of your adjusted gross income. Any excess over the 50 percent deduction ceiling can be carried forward for up to five additional years.

Checks should be:

  1. payable to Dental Foundation of North Carolina, Inc. and

  2. mailed to the

Dental Foundation of North Carolina, Inc.
UNC School of Dentistry
Office of the Dean
Campus Box 7450
Chapel Hill, NC 27599-7450


 

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